Kim Seung-yeon SEOUL, Feb. 1 (Yonhap) -- South Korea retained its 13th spot in the world in terms of the size of equity funds under management in the third quarter of last year, despite severe market volatility stemming from a global economic slowdown and the eurozone turmoil, data showed Wednesday.

The combined net value of stock and bond funds managed by asset managers reached US$223.8 billion at the end of September, down $30.6 billion from $254.4 billion tallied three months earlier, according to the data by the Korea Financial Investment Association.